Jan 9 2010
AcuMedspa Holdings, Inc. (PINKSHEETS: AMSZ),
is proud to announce another milestone in its growth and acquisition
campaign in which it expects to acquire multiple locations and open free
standing AcuMedSpa locations throughout South Florida and beyond.
AcuMedSpa has entered into a Letter of Intent to acquire Face and Body
Works Day Spa, Inc. of Lake Worth, Fl (http://faceandbodyworks.net/) which
has been in business for over 14 years and has consistently been both
profitable and cash flow positive. The closing of this transaction is
expected to be completed by the end of January, 2010. AcuMedSpa projects
that this location can potentially generate over $500,000.00 in revenue in
2010.
As progress is made on this and other acquisition and growth targets, we
will continue to update our stockholders. We are striving towards expanding
our revenues in 2010 to $10,000,000 with $2,000,000 in net income and
believe that acquisitions such as this coupled with organic and strategic
growth will enable us to achieve this.
Brian Sperber, President of AcuMedSpa, stated, "This is an exciting first
step in our growth, we expect this acquisition to be the first of many we
close in 2010. Along with the acquisitions we have targeted over the short
term, we expect to open stand alone locations attracting more and more
clientele to our unique and exciting services."
SOURCE: AcuMedSpa Holdings Inc.